CaryptosHeadlines Media Has Launched Its Native Token CHT.
Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT.
Join the Airdrop at the official website,
CryptosHeadlinesToken.com
- Toncoin’s staking trends show a potential price surge, mirroring the March 2024 rally.
- Rising network activity and demand suggest growing interest in Toncoin’s future price movement.
- A shift in investor behavior, with smaller addresses buying more, signals bullish sentiment.
A recent report suggested that Toncoin—TON, might reach $19.5. Observations of TON’s staking ratio point to a potential price surge. With rising social sentiment and increasing demand, the stage seems set for another jump. Are higher highs coming soon?
Staking Trends Hint at Another Price Surge
Toncoin’s staking patterns reveal some interesting trends. Analyst Joao Wedson noted a link between rising market prices and falling staking ratios. In March 2024, the amount of TON locked in staking dropped significantly, while the price continued to rise. Investors moved tokens from staking to exchanges, creating higher demand and pushing prices up. Staked tokens are locked, making them less useful during volatile periods.
As prices climb, investors prefer flexibility and use tokens for trading. The sharp drop in staking TVL last summer points to this pattern. Currently, TON is showing signs of reversing its downtrend. A drop in staking TVL could help fuel another price rise in the coming weeks. If history repeats, Toncoin may be gearing up for a breakout.
Growing Demand and Network Activity
Network growth supports the case for higher prices. Daily active addresses and new account creations have been rising. Over the past two weeks, TON’s price moved from $5 to $6. These increases in network activity show growing demand for Toncoin.
However, a closer look at supply distribution tells a different story. Large holders have been selling off their positions. This selling pressure could indicate that big investors are taking profits. On the other hand, smaller addresses holding less than 10 TON are buying more, showing strong retail interest.
This contrast between whale selling and small holder buying could signal a shift in sentiment. The lack of whale accumulation, combined with increased buying from smaller investors, hints at organic growth in demand. If this trend continues, it could lead to more upward momentum, especially if more tokens are taken out of staking.
Crypto News Land, also abbreviated as “CNL”, is an independent media entity – we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
